MidCentral DHB Millions in the Red

July 4, 2018

The MidCentral District Health Board has well and truly blown its budget, staring down the barrel of a loss for the financial year bigger than $8 million.

 

The reality of the situation was made clear by the board's deputy chairman Brendan Duffy at a board meeting on Tuesday.

 

He says essentially, for the past 12 months, we expended $12,000 a day more than our revenue.

 

Finance and corporate services manager Neil Wanden says May had the "usual issues" around keeping staff costs down, but the clinical supplies problem was unique to the month adding that there was also pressure in many different areas.

 

He says other factors could make the numbers even worse before the end of the year, such as possibly having to back-pay nurses as part of pay agreements.

 

The board was also behind on its elective surgery revenue, having budgeted to bring in $2.6m by May.

 

There were still $49m in cash reserves to draw on.

 

 

 

 

 

 

 

 

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